Must stay above this 5.00 level or more downside possible.
Note that this 5.00 support was broken in Aug last year which saw this counter hit a low of 3.05 in Oct.
Might find a new support at 4.50.
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9261-9280 of 9522
That one kenna repossessed already. Nevermind. Wait for Semb Marine to earn enough for me to buy back..... Hee hee.
ozone2002 ( Date: 14-May-2012 15:19) Posted:
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have la..u don't want to part with it that's all :) keke
GuavaXF30 ( Date: 14-May-2012 11:16) Posted:
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On Friday, Sembmar re-test the support at $4.53 and closed at $4.53 with HIGH volume of 12.64 million shares traded.
During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles. During the past 50 bars, there have been 21 white candles and 23 black candles for a net of 2 black candles.
RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Sembmar: $4.75
Immediate Support of Sembmar: $4.53
Currently prices are supported by 200 days MA at $4.53
For the past 2 trading sessions ............ READ MORE
$3 I also want..... Sell my Ferrari and buy this share ! Alamak. I don't own one.
ozone2002 ( Date: 14-May-2012 09:45) Posted:
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$3? i will show hand on sembmar if it reaches that price.. but i doubt it will unless something catasrophic happens..
I guess this will have to depend on how many contra players are holding to this stock. Dividend yield of 5% is pretty decent and upside on greater profit from submersible Rig deliveries are there. 1.3 bil worth of orders on hand so yards will be kept busy for the next two years at least....
And this is very different from pure ship builders where container cargo ship business is pretty bleak. It's oil exploration and that's gonna be ramped up still.
jamesng ( Date: 13-May-2012 23:30) Posted:
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I dont short......but this guy will fall a lot in a bad sentiment and vice versa
guess u hv already started to short..
I feel that this one will fall to 3+ soon if the sentiment continue to be like that....
SEMB MAR CHART - Broke the 5.00 critical support yesterday on weak market sentiment.
Currently at 4.89.
Must stay above this 5.00 level or more downside possible.
Note that this 5.00 support was broken in Aug last year which saw this counter hit a low of 3.05 in Oct.
Might find a new support at 4.50.
No worry they wont let it collapse for sure.
Jackpot2010 ( Date: 11-May-2012 14:49) Posted:
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Can't wait!
ozone2002 ( Date: 11-May-2012 15:13) Posted:
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if situation worsens more margin calls on the way..resulting in more price erosion..
i'm waiting there to grab cheap stocks with gd fundamentals..
wall street may drop few hundred pts tonite and monday, B'cos Greece bailout is expected to worsen.
IF Greece is forced out of Eurozone by next mth, its banking system will collapse. At this moment, everyone is withdrawing Euros from the Greece banks, before the switch to local currency.
tglim74 ( Date: 11-May-2012 14:18) Posted:
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Exit at 4.53, better cut loss and stay clear.
Alamak. Now Oil-riggers turn to kenna whack. Lucky not as bad as commodity companies though. Poor Wilmar....
ozone2002 ( Date: 11-May-2012 12:00) Posted:
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price weakening ..now 4.56
time to scoop up some..
dyodd gd luck!
SMM: weak 1Q12 results, below expectations. Net profit was $113m, -25% yoy. This was largely due to the surprisingly weak 12.8% Operating margin (OPM) in 1Q12 vs 20% in 1Q11, due to timing, value and initial lower margin from new design rigs. While a decline in margins was generally anticipated by the Street due to the lower priced contracts secured in FY10/11, the magnitude of decline was more than expected. Nevertheless, mgt sticks to its guidance of 15% FY12e OPM. YTD contract wins are $3b, with net order book of $7.4b and visibility until 2Q15. Mgt still seeing strong all-round new order enquiries, esp for deepwater rigs. Aims at $5-6b ex-Petrobras orders. On Petrobras, it notes that negotiations are at an advanced stage, with the finer details yet to be ironed out. Seeing some downward revision in TP by the Street, though ratings remain bullish. BOA-ML keeps at Buy with TP $6.01 from $6.15. Deutsche keeps at Buy, but lowers TP to $5.55 from $5.80. UOBK keeps at Buy, lowers TP to $5.80 from $6.10.